CAB Cakaran Corp Bhd is proposing to acquire a single-storey detached industrial building with an adjoining double-storey office in Kuantan, Pahang, for RM2.8 million from Fah Leong Sdn Bhd.
In a filing with Bursa Malaysia, the poultry and food products group said the proposed acquisition is aimed at securing ownership of the premises currently leased and occupied by its subsidiary, Pasaraya Jaya Gading Sdn Bhd (PJG). The property is presently used as a supermarket outlet, office and warehouse to support PJG’s operations in the region.
CAB Cakaran said the move will enable the group to reduce recurring rental expenses and shield itself from future rental increases, thereby improving cost visibility and long-term financial planning.
“The acquisition is expected to result in annual rental savings and mitigate exposure to rental escalation, which will enhance cost certainty and provide greater operational control over the premises,” the company said.
It added that owning the property will allow PJG to plan its operations more efficiently and support business continuity and stability over the longer term, in line with the group’s strategy to strengthen its operational footprint.
